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Property and Equipment
6 Months Ended
Jun. 30, 2020
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

   Estimated
Useful Lives
  June 30,
2020
   December 31,
2019
 
Furniture, fixtures and vehicle  2-5 years  $104,879   $95,671 
Website and internal use software  3 years   11,322,188    10,123,830 
Computers and software  3-7 years   788,740    596,946 
       12,215,807    10,816,447 
Less: accumulated depreciation and amortization      (8,495,872)   (7,435,271)
Right of use assets, net      1,770,051    1,879,231 
      $5,489,986   $5,260,407 

 

Depreciation and amortization expense were $601,357 and $592,836 for the three months ended June 30, 2020 and 2019, respectively and $1,060,601 and $1,116,770 for the six months ended June 30, 2020 and 2019, respectively.